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HONG KONG—Head of Asia-Pacific economics at UBS, Jonathan Anderson says,“China is 1 like a rocket.” China has 2 the financial fallout from the SARS virus 3well that some economists now worry crucial sectors are4the risk ofoverheating.
The SARS epidemic, 5 shuttered (关闭) Beijing’s retail businesses and virtuallyeliminated foreign tourist arrivals, 6 cooled an economy that had 7 an eye-opening9.9% first-quarter growth rate.8 now, economists who only weeks ago were 9their growth forecasts are raising them.“ 10 you took away, you’re going to have togive back,” says Tim Condon, ING Barings’chief Asia economist. Halfway through theyear, most expect Beijing to 11 or exceed its 7 % growth target.
Here are signs of China’s renewed surge: First, exports are up 34% this year. A 12 euro (欧元), which makes Chinese products less expensive for 13 buyers, hashelped boost exports to 14 European Union by 45%. Second, exports to the USA are 15 35% and on pace to 16 last year’s $125 billion. That means China couldovertake Mexico 17 the USA’s second-largest source of 18 , says Morgan Stanley’sAndy Xie. Third, investment in 19 assets—factories, machinery and equipment—jumped 32% the first five months of 2003. Fourth, electricity 20 , a barometer(晴雨表) of industrial activity, is up 15%.
1. A) rising B) falling C) floating D) flying
2. A) weathered B) passed C) overtook D) spent
3. A) too B) very C) so D) not
4. A) in B) at C) with D) by
5. A) had been B) had C) has D) which
6. A) accidentally B) temporarily C) permanently D) successively
7. A) delivered B) posed C) posted D) put
8. A) Until B) Not until C) So D) But
9. A) cutting B) falling C) declining D) eliminating
10. A) If B) After C) What D) When
11. A) break B) make C) meet D) proceed
12. A) substantial B) fragile C) stronger D) weaker
13. A) European B) American C) Asian D) Chinese
14. A) / B) the C) a D) an
15. A) down B) up C) below D) at
16. A) abandon B) cover C) top D) surface
17. A) for B) with C) to D) as
18. A) business B) markets C) exports D) imports
19. A) fixed B) stable C) established D) settled
20. A) order B) inquiry C) demand D) desire
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